ARD argent minerals limited

4.76%

2.2¢

Roadmap For An Upside Explosion In The Silver Market, page-87

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stelios

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23/02/20

14:20

Post #: 43096936
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Originally posted by Dratoz: ↑

You can sell your options at any time prior to their expiry.

Alternatively, you can exercise/convert your ARDOA options to regular shares if you pay 5c per each exercised option. You can do this at any time prior to the options expiry date, although it would make no sense to pay for exercising options (5c per option) if you could buy shares cheaper on the market (at 2.2c per share right now). Looking simplistically, for you to make money by exercising options (paying the company the exercise price), as opposed to buying shares on the market, the current SP would need to be higher than the exercise price plus what you have paid for the options. Options assume a positive SP movement by their expiry date and, when this does not occur on the expiry date, they expire with a zero value.

The money from exercising options goes to the company and helps funding its future activities and it's usually a good thing, although this increases the number of issued shares (causes some "dilution").

Regards,
Dratoz

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"Options assume a positive SP movement"
You explained the option well and you maybe right about a positive movement.
Reading my attached chart It appears that ADR share price correlates better with the silver price.
Silver,will prove to be the most undervalued asset of the decade.
DYOR. Follow the HotCopper gold and silver posts but be suspicious of Dr Who ,Skol and trent3727.

Last edited by stelios: 23/02/20

ARD Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

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(20min delay)
Last 2.2¢		Change 0.001(4.76%)		Mkt cap ! $31.81M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$46.93K	2.132M

Buyers (Bids)

No.	Vol.	Price($)
2	534340	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	2564096	8

View Market Depth

No.	Vol.	Price($)
3	804340	0.022
11	2606390	0.021
11	3133500	0.020
12	2092131	0.019
6	2973325	0.018

Price($)	Vol.	No.
0.023	2564096	8
0.024	888625	6
0.025	272700	2
0.026	977300	5
0.027	1900071	9

Last trade - 11.47am 26/06/2025 (20 minute delay)

ARD (ASX) Chart

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